mexico market

North American natural gas futures gained some ground on Thursday but overall, prices continued to languish. After six straight sessions of losses, the New York Mercantile Exchange contract for April rose on Thursday by 8.3 cents/MMBtu day/day to settle at $1.741.  There was little room for optimism, though, for natural gas bulls. AccuWeather said the…

Mexico’s Cenagas, operator of the national pipeline system known as the Sistrangas, has announced winners in the biggest open season under the administration of Andrés Manuel López Obrador. The state-run operator offered capacity to 19 end-users, distributors and shippers on the pipeline system, with almost all bidders receiving their requested amounts of uninterruptible capacity. This…

“Investor confidence has to be reestablished through clear policies and mechanisms that are maintained and upheld over an extended period of time,” Sofía Tamayo Gutiérrez, Institutional Relations & Regulatory Affairs director at Kino Energia told NGI’s Mexico GPI. For the incoming government, “I would say: stability and legal certainty, the promotion of renewable energies and…

Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has launched its first open season for firm natural gas transport capacity since President Andrés Manuel López Obrador took office in 2018. Cenagas, the independent operator of Mexico’s Sistrangas national pipeline network, is offering shippers 22.1 MMcf/d of uninterruptible capacity on the existing Valtierrilla-Cárdenas natural gas…

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. On February 13, Sistrangas operator Cenagas opened the 2023 contract renewal process on the national pipeline system. The timing of the announcement…

Asking natural gas and oil executives about the market, their projects, cash flow and budgets is a staple of the NGI Thought Leader team’s daily routine. Turning that microphone around to ask journalists the questions is a bit trickier! The Thought Leader team was up for the challenge, though, to editorialize as we enter 2023.…

North American natural gas price futures continued to be under $4.00/MMBtu this week. Meanwhile, forecasts for 2023 point to lower prices than last year, but with important regional differences. Henry Hub, a key pricing location for most of Mexico, is set to recover to average near $5/MMBtu for the first quarter of 2023, according to…

Mexico has big plans to become an LNG export powerhouse, but it might not have the pipelines or available capacity to do so, according to experts. “Is there enough capacity and pipelines to support these projects? I don’t think so,” said the head of the Gadex consultancy, Eduardo Prud’homme, at the LDC Gas Forums’ U.S.-Mexico…

Click here to listen to the latest episode of NGI’s Hub & Flow, which delves into the Permian Basin’s complicated and constrained natural gas takeaway equation, the impact on prices and what factors could help to alleviate the current situation. In this episode, Patrick Rau, NGI’s Director of Strategy and Research, takes a closer look…